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Housing Revitalization Programs * = New Brighton is currently eligible
<br />Program Offered By Category Brief Summary Income Qualifications Project Eligibility Property Eligibility Loan Maximum Maximum Loan Term Interest Rate Link
<br />MCASA Homes Program Model Cities Building,
<br />Affordability
<br />Provides affordable homeownership opportunities to low and
<br />moderate income families while addressing disparities between
<br />white households and households of color
<br />Household income limited to 80% of the
<br />area median income
<br />You must be a first time home buyer;
<br />You must have completed, or agree to complete, Home Stretch, home ownership
<br />training classes;
<br />You must have an annual household income of not more than 80 percent of the
<br />area median income (in 2011, for a family of 4, the Area Median Income is
<br />$64,200).
<br />You must have been employed continuously for at least 24 months;
<br />You must be willing to enter into a lease-to-purchase agreement or Contract-for-
<br />Deed and be able to purchase the title from MCASA within 6 to 24 months;
<br />You must be actively working towards resolving credit and debt issues that may
<br />have impeded your ability to qualify for a mortgage; and
<br />You must be committed to working with a homeownership counselor.
<br />MCASA Home N/A Lease-to-purchase or contract-for-
<br />deed options N/A http://www.modelcities.org/mcasa-homes/about-mcasa-homes/
<br />Demolition Home Loan Mounds View Building Provide loans to demolish blighted single family or duplex
<br />properties in Mounds View
<br />Loans will be secured by a mortgage in
<br />favor of the City Home must qualify as blighted
<br />Single family or duplex
<br />prosperities that qualify as
<br />blighted
<br />$15,000 10 years 3.00%http://www.gmhchousing.org/wp-content/uploads/2015/05/Mounds-View-Demolition-App.pdf
<br />Code Enforcement Loan Mounds View Emergency &
<br />Safety
<br />provide loans to owner-occupied single family or duplex homes
<br />that have been required by the city of Mounds View to bring
<br />their properties into compliance with City Code.
<br /> Gross annual household income shall
<br />not exceed 80% of the AMI.
<br />Eligible exterior repairs are those that have been required by Mounds View Code
<br />Enforcement Officer. Eligible interior repairs include those that are related to the life
<br />safety of the residents and required by Mounds View Code Enforcement Officer.
<br />owner-occupied single family or
<br />duplex homes that have been
<br />required by the city of Mounds
<br />View to bring their properties
<br />into compliance with City Code.
<br />$7,000 10 years 0%http://www.gmhchousing.org/wp-content/uploads/2015/05/Mounds-View-Code-Enforcement-App.pdf
<br />Emergency Deferred Loan Mounds View Emergency &
<br />Safety
<br />provide financial assistance to owner-occupied single family,
<br />duplex and manufactured home properties that are in hardship
<br />financial circumstances, are unable to get money from other
<br />sources and have a serious health and safety home repair
<br />situation that poses a threat to residents if not addressed
<br />immediately
<br />Gross annual household income shall not
<br />exceed 50% of the AMI and assets shall
<br />not exceed $25,000.
<br />. Eligible improvements include: failure of heating, electrical, ventilation or
<br />plumbing/septic systems; roof leaks that have led to significant damage to the
<br />interior, structural failure of the foundation, walls or roof that could cause collapse
<br />and other emergency conditions that could cause the home to be or become
<br />uninhabitable will be considered on a case-by-case basis.
<br /> owner-occupied single family,
<br />duplex and manufactured home
<br />properties
<br />$7,000 Due upon sale or transfer of title or
<br />refinancing of property 0%http://www.gmhchousing.org/1755-2
<br />General Home Improvement
<br />Loan Mounds View Remodeling
<br />The purpose of this loan is to provide loans for general home
<br />improvements to owner-occupied single family or duplex homes
<br />in Mounds View.
<br />Gross annual household income shall not
<br />exceed 80% of the Area Median Income
<br />(AMI).
<br />General home improvements owner-occupied single family or
<br />duplex homes $10,000 10 years 3.00%http://www.gmhchousing.org/1755-2
<br />First HOME Buyer Assistance
<br />Program*Ramsey County Affordability
<br />helps first home buyers purchase homes more
<br />affordably by providing deferred loans that can be used for
<br />down payment assistance, closing costs, and
<br />occasionally, health/safety/code improvements.
<br />Depends on household size (4 person
<br />upper limit is $69,280). Buyers needs to
<br />show three years full-time uninterrupted
<br />work history
<br />First time homebuyers Owner-Occupied (Ramsey
<br />County, not St. Paul)$10,000
<br />Principle-only subordinate
<br />mortgage must be repaid when
<br />the property is sold
<br />0%https://www.cityofroseville.com/DocumentCenter/View/18388
<br />Deferred Loan (through
<br />GMHC)*Ramsey County Emergency &
<br />Safety
<br />Secure funds for improvements necessary to meet minimum
<br />housing quality standards for low and moderate income
<br />households.
<br />Gross annual income between 50% and
<br />the Section 8 limit of the area median
<br />income.
<br />Improvements made to meet minimum housing quality standards Owner-Occupied, single family
<br />properties in Ramsey County $15,000
<br />Loan is completely forgiven if
<br />home is not sold for 10 years after
<br />receiving loan
<br />http://www.gmhchousing.org/1759-2
<br />Window Replacement due to
<br />Lead*Ramsey County Emergency &
<br />Safety
<br />Ramsey County Department of Public Health along with several
<br />partners is working to address lead paint hazards in Ramsey
<br />County homes occupied by young children who are most at risk
<br />for lead poisoning.
<br />Fact Sheet (PDF)
<br />The occupants must be at or below 80
<br />percent of the median income, which is
<br />$60,000 for a family of 4.
<br />Must have child under six occupying home. Window components must be
<br />deteriorated and painted with lead-based paint.
<br />Owner-Occupied or Rental
<br />Property Owners
<br />Owner Occupied - 75% grant; Rental Properties -
<br />50% grant N/A N/A https://www.cityofroseville.com/DocumentCenter/View/19893
<br />Suburban Ramsey County
<br />Energy Conservation Deferred
<br />Loan*
<br />Ramsey County Energy &
<br />Accessibility
<br />receive up to $6,500 in forgivable financing for the energy
<br />improvements you need today, including new furnaces, boilers,
<br />and insulation.
<br />Depends on household size (4 person
<br />upper limit is $65,700)
<br />Energy improvement projects including new furnaces, boilers, and insulation.
<br />Eligible upgrades determined during home energy audit
<br />Available to qualifying residents
<br />of Ramsey County (outside the
<br />city of Saint Paul). The market
<br />value of borrower's home cannot
<br />exceed $251,750. Must be built
<br />before 1995.
<br />$6,500 10 years 0%http://thenec.org/home-loans/forgiveable-home-improvement
<br />Condo Townhouse Rehab Roseville Building
<br />Provides town home or condo associations the ability
<br />to fund permanent, exterior improvements and improvements
<br />essential to the operation of the building (such as
<br />a boiler).
<br />51% or more of the units’ owners must be
<br />in favor of the financing. Associations
<br />must show that traditional financing
<br />options are not feasible.
<br />Average market value of units may not exceed the maximum purchase price of
<br />existing homes under Minnesota’s first time homebuyer program.Town home/condo associations Not specified 15 years Not specified https://www.cityofroseville.com/DocumentCenter/Home/View/3111
<br />Housing Replacement
<br />Program Roseville Building
<br />Improvements to the City’s neighborhoods by acquiring older
<br />homes, demolishing them, and reselling the land to a qualified
<br />builder for the construction of a new home.
<br />N/A N/A
<br />The program requires newly
<br />constructed homes to meet
<br />specific design and site criteria.
<br />N/A N/A N/A https://www.cityofroseville.com/2602/Housing-Replacement-Program
<br />Multi-Family Rental
<br />Improvement Program Roseville Building
<br />Provides financial assistance to owners and developers of rental
<br />properties in
<br />Roseville. The program is designed to assist owners of properties
<br />that provide housing for low- and moderate-income
<br />families and individuals.
<br />Matching loan funds of a one-to-one
<br />ration for improvement projects
<br />Property needs substantial rehabilitation. All properties must have the Roseville
<br />Police Community Relations Coordinator review improvements for crime
<br />prevention. Incorporation of green construction practices. Properties must have a
<br />Housing Quality Standards inspection. All applicants must have acceptable credit
<br />(property owners must be current on mortgage/contract for deed payments
<br />and property taxes).
<br />Property Owner $50,000 15 years 0%-6%https://www.cityofroseville.com/DocumentCenter/Home/View/3111
<br />Rental Property Rehabilitation
<br />Loans Roseville Building
<br />The Rental Rehabilitation Loan Program through the Ramsey
<br />County HRA provides assistance to rental property owners who
<br />want to rehabilitate their properties or make energy
<br />improvements. The program provides low-interest, long-term
<br />loans for rehabilitation.
<br />All residents must be income qualified. Building must maintain permanent affordability for residents. Income of tenants
<br />must be less than 80% of the Area Median Income.Property Owner $350,000 Not specified Not specified https://www.cityofroseville.com/DocumentCenter/Home/View/3111
<br />Owner Occupied Revolving
<br />Loan Program St. Anthony Energy &
<br />Accessibility
<br />The City of St. Anthony makes funds available for exterior and
<br />interior home improvements through GMHC.
<br />Applicants who have a potential "debt
<br />to income ratio" in excess of 48% will be
<br />denied financing
<br />Repairs/replacements/new construction that will: Improve the exterior/interior of
<br />the property, correct code deficiencies or safety items, improve handicap
<br />accessibility, reduce long-term maintenance and energy costs
<br />Owner-Occupied single family
<br />and duplex properties. Owner
<br />Occupants of condominiums
<br />and townhouses in St. Anthony
<br />$10,000 7 years 3.00%http://www.gmhchousing.org/wp-content/uploads/2016/09/St.-Anthony-Village-Revolving.pdf
<br />Emergency Deferred Payment
<br />Loan St. Paul Emergency &
<br />Safety
<br />Provides financial assistance to homeowners
<br />who have serious home repair issues that must be addressed.
<br />Depends on household size (4 person
<br />upper limit is $65,800)
<br />Serious repair issues including: Furnace, sewer lines, electrical, health/safety
<br />improvements
<br />Homesteaded and owner-
<br />occupied single-family dwellings
<br />in St. Paul
<br />$25,000 30 years (forgiven after 30 years if
<br />borrower remains in home)0%https://www.stpaul.gov/DocumentCenter/Government/Planning%20&%20Economic%20Development/Housing/Homebuyer%20&%20Homeowner%20Resources/2015%20Emergency%20Deferred%20Payment%20Loan%20Flyer_201504231336161265.pdf
<br />* = New Brighton is currently
<br />eligible
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